KMLM vs VXUS
KraneShares Mount Lucas Managed Futures Index Strategy ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 8,747 holdings.
Side-by-Side Comparison
| Metric | KMLM | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.05% | |
| AUM | $389M | $158.1B | |
| Dividend Yield | 4.47% | 2.59% | |
| Holdings | 32 | 8,747 | |
| YTD Return | +11.65% | +15.22% | |
| 1Y Return | +15.28% | +26.86% | |
| 3Y Return (annualized) | -0.33% | +20.34% | |
| 5Y Return (annualized) | +5.42% | +9.38% | |
| Volatility (annualized) | 12.9% | 15.1% | |
| Max Drawdown | -27.5% | -39.9% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 1, 2020 | Jan 26, 2011 |
KMLM vs VXUS Performance
KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is a ETF from KraneShares and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year KMLM returned +15.28% while VXUS returned +26.86%. Year to date, KMLM is up 11.65% versus a gain of 15.22% for VXUS.
Over three years, KMLM compounded at -0.33% per year against +20.34% for VXUS; over five years the annualized figures are +5.42% and +9.38% respectively. Across the full 6-year window we track, KMLM has the edge at +7.24% annualized vs +4.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.9% for KMLM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.5% for KMLM and -39.9% for VXUS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMLM charges 0.90% per year while VXUS charges 0.05%. On a $10,000 position that is $90 vs $5 annually, a gap of $85 per year that compounds over a long holding period. On income, KMLM currently yields 4.47% against 2.59% for VXUS.
Holdings Overlap
KMLM and VXUS share 0 holdings out of 7884 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KMLM or VXUS?
KMLM has an expense ratio of 0.90% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, KMLM or VXUS?
Over the past year KMLM returned +15.28% vs +26.86% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (6 years), KMLM annualized +7.24% vs +4.89% for VXUS. Past performance does not guarantee future results.
Which is riskier, KMLM or VXUS?
VXUS has been the more volatile fund at 15.1% annualized versus 12.9% for KMLM. Worst drawdown: KMLM -27.5% vs VXUS -39.9%.
Should I hold both KMLM and VXUS?
KMLM and VXUS have a monthly-return correlation of -0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMLM and VXUS?
KMLM and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7884 unique securities.
Which pays a higher dividend, KMLM or VXUS?
KMLM yields 4.47% while VXUS yields 2.59%, so KMLM currently pays the higher dividend yield.
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